Small businesses lead the way in job creation and are critical to the recovery. Large corporations, last to create jobs, are the first to destroy them. This article describes this trend along with other information useful to small business.
Tag: Depression
If ya can’t fix em – trash ’em. America bulldozes cities to save them.
Cities like Flint, MI and Youngstown, OH have been in decline since the late 1970’s. Cities have come up with a novel idea; Don’t try to bring back business, shrink the cities.
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SBA ARC program DOA. Is Obama for real or are the banks still running the show?
The Small Business Administration announced the ARC program for distressed small businesses. This emergency loan, up to $35,000, is intended for businesses that can’t pay their bills.
Guess what? Since the SBA only guarantees loans and the banks still have to fund them, we have yet to see a single ARC loan made. The recovery efforts, at least as far as main street is concerned, feels like a photo op.
If you’ve had success getting one of these loans, please contact pmehit@wbpllc.com. I’d love to know your secret.
Dispatches From The Front 